Watts Water Technologies (WTS 10.37%) stock was up by 10.4% as of 11:45 a.m. ET Tuesday after the company delivered top- and bottom-line beats after the close of trading Monday.Heading into its fourth-quarter report, analysts forecast the water systems equipment supplier would earn $1.91 per share, adjusted for one-time items, on sales of $537.1 million. In fact, it earned $2.05 per share on quarterly sales of $540 million. A complicated Q4 pictureNot all the news was good. Watts' sales slipped by 1% year o ...

Core Insights - Watts Water Technologies, Inc. (WTS) reported fourth-quarter 2024 adjusted earnings per share (EPS) of $2.05, an increase from $1.97 in the prior-year quarter, exceeding the Zacks Consensus Estimate by 7.3% [1] - The company's quarterly net sales decreased by 1.3% year over year to $540.4 million, slightly surpassing the Zacks Consensus Estimate by 0.6% [2] Sales Performance - Acquisitions in the Americas contributed $23 million in sales, accounting for 4% of overall growth, while organic sales fell by 5% year over year [3] - Net sales in the Americas rose 3% year over year to $398 million, but organic sales dipped 3% due to fewer shipping days [4] - Europe experienced a significant decline, with net sales plunging 15% year over year to $109 million, attributed to lower volumes and a decrease in the OEM channel [5] - APMEA saw a 4% increase in net sales to $34 million, with strong demand in China and the Middle East driving growth [6] Financial Metrics - Gross profit decreased by 1.2% year over year to $252.7 million, while selling, general and administrative expenses fell by 5.9% to $162.9 million [7] - Operating income increased by 12.9% year over year to $89 million, with an operating margin expansion of 210 basis points to 16.5% [7] - For the full year 2024, cash from operating activities was $361.1 million, up from $310.8 million in the prior year, and free cash flow increased to $331.7 million from $281.1 million [8] Share Repurchase and Liquidity - In the fourth quarter, the company repurchased approximately 20,000 shares for $4 million, totaling about 85,000 shares for $17 million in the full year 2024 [9] - As of December 31, 2024, the company had $386.9 million in cash and cash equivalents, with long-term debt of $197 million [10] Guidance - For 2025, the company anticipates adjusted operating margins between 17.7% and 18.3%, with reported and organic sales expected to range from a decline of 3% to an increase of 2% [11] - For the first quarter of 2025, projected adjusted operating margins are between 16.9% and 17.5%, with reported and organic sales expected to decline by 7-3% [12] Market Position - Watts Water currently holds a Zacks Rank 3 (Hold), with shares having increased by 17.1% in the past six months, contrasting with no change in the Zacks Instruments - Control industry [13]

Watts Water (WTS) reported $540.4 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 1.3%. EPS of $2.05 for the same period compares to $1.97 a year ago.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $537.27 million. With the consensus EPS estimate being $1.91, the EPS surprise was +7.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Watts Water (WTS) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.33%. A quarter ago, it was expected that this maker of valves for plumbing, heating and water needs would post earnings of $1.99 per share when it actually produced earnings of $2.03, delivering a surprise of 2.01%.Ov ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Diane McClintock SVP FP&A & Investor Relations email:investorrelations@wattswater.com WATTS WATER TECHNOLOGIES REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS Fourth Quarter 2024 Highlights Full Year 2024 Highlights Note changes in performance are relative to fourth quarter and year ended December 31, 2023 North Andover, Mass., February 10, 2025 -- Watts Water Technologies, Inc. (NYSE: WTS) – through its subsidiaries, one of the world's leading manufacturers and ...

Core Viewpoint - Watts Water (WTS) is expected to report quarterly earnings of $1.91 per share, reflecting a 3.1% decline year over year, with revenues forecasted at $537.27 million, a decrease of 1.9% compared to the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 0.1%, indicating a collective reassessment by analysts of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Estimates - The consensus estimate for 'Geographic Revenue- Europe' is $113.10 million, indicating a year-over-year decline of 11.6% [5]. - Analysts project 'Geographic Revenue- Americas' to reach $391.70 million, reflecting a 1.2% increase from the prior-year quarter [5]. - The estimate for 'Geographic Revenue- APMEA' is $33.53 million, suggesting a year-over-year increase of 3.2% [5]. Stock Performance - Shares of Watts Water have returned +2.8% over the past month, outperforming the Zacks S&P 500 composite, which has changed by +1.7% [6]. - With a Zacks Rank 3 (Hold), WTS is expected to perform in line with the overall market in the near future [6].

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Watts Water (WTS) , which belongs to the Zacks Instruments - Control industry, could be a great candidate to consider.This maker of valves for plumbing, heating and water needs has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 3.57%.For the last ...

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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The ...

Watts Water Technologies, Inc. (WTS) reported third-quarter 2024 adjusted earnings per share (EPS) of $2.03 compared with $2.04 in the prior-year quarter. The bottom line topped the Zacks Consensus Estimate by 2%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company’s quarterly net sales rose 8% year over year to $543.6 million. The top line surpassed the Zacks Consensus Estimate by 0.9%. Organic sales were down 9% year over year.Higher revenue growth in the Asia-Pacific, the ...